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SOLUSD

Solana / US Dollar

Industry

Digital Currency

Solana is a public, open-source blockchain that supports smart contracts, including non-fungible tokens (NFTs) and a variety of decentralized applications (dApps). Native to Solana's blockchain is the SOL token which provides network security through staking as well as a means of transferring value.

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Robinhood Markets Inc (NASDAQ:HOOD) will cease support for Cardano (CRYPTO: ADA), Polygon (CRYPTO: MATIC), and Solana (CRYPTO: SOL) starting June 27th, 2023. Users can continue to trade and transfer these cryptocurrencies until the deadline, after which remaining coins will be sold at market value.

Portfolio Pulse from Jose Rodrigo Safdiye

June 09, 2023 | 2:35 pm

Robinhood is ending support for Cardano (ADA), Polygon (MATIC), and Solana (SOL) after the SEC targeted these cryptocurrencies in lawsuits against Binance and Coinbase. The assets will not be tradable on Robinhood from June 27, and any remaining ADA, MATIC, and SOL will be automatically sold and credited to users' accounts.

Portfolio Pulse from Happy Mohamed

June 09, 2023 | 1:58 pm

Bitcoin and Ethereum recorded gains, trading above $26,600 and $1,800 respectively. Pepe emerged as the top gainer over the past 24 hours, while WOO Network was the biggest loser. The global crypto market cap rose to $1.11 trillion, with a 24-hour gain of 0.4%.

Portfolio Pulse from Lisa Levin

June 09, 2023 | 1:31 pm

Binance.US is suspending trading services for several crypto tokens in response to a lawsuit filed by the U.S. Securities and Exchange Commission (SEC). The suspension affects over 90 tether pairs, eight Bitcoin pairs, and two Binance USD pairs. The SEC's lawsuit accuses Binance of offering unregistered securities and comes after similar allegations against Coinbase Global Inc.

Portfolio Pulse from Murtuza Merchant

June 07, 2023 | 7:36 pm

Solana's (CRYPTO: SOL) price has fallen 6.38% to $18.97 in the past 24 hours, continuing its negative trend over the past week with an 8.0% loss. Trading volume has risen 50.0% while circulating supply decreased 0.13% to 398.19 million. SOL's market cap ranking is #10 at $7.56 billion.

Portfolio Pulse from Benzinga Insights

June 07, 2023 | 7:00 pm

CNBC Mad Money host Jim Cramer criticized crypto exchanges Coinbase Global Inc (NASDAQ:COIN) and Binance, calling the situation a 'massive fraud.' He discussed the regulatory scrutiny these platforms are under and the potential impact on the broader crypto ecosystem, including specific cryptocurrencies like Solana (CRYPTO: SOL).

Portfolio Pulse from Michael Cohen

June 06, 2023 | 10:01 pm

Cryptocurrency shares are trading lower following the SEC's lawsuit against Coinbase for operating as an unregistered securities exchange, broker, and clearing agency.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 1:21 pm

The SEC's lawsuit against Binance and its founder Changpeng Zhao caused a significant downturn in the cryptocurrency market, with Bitcoin, Ethereum, and BNB experiencing drops. Coinbase shares also declined by 10.3%. The lawsuit asserts that several cryptocurrencies, including Solana, BNB, Polygon's native token, and Cardano's native token, are securities, potentially impacting their liquidity and price.

Portfolio Pulse from Murtuza Merchant

June 05, 2023 | 6:30 pm

Binance Holdings Ltd. and its CEO Changpeng Zhao are being sued by the SEC for alleged violations of U.S. regulations. The lawsuit claims Binance facilitated transactions in various cryptocurrencies and that Zhao directed employees to use VPNs to obscure their locations. Binance's Australian division has also suspended AUD bank transfers.

Portfolio Pulse from Murtuza Merchant

June 05, 2023 | 4:05 pm

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